Before You Close on a Real Estate Sale

[gvydge...@yahoo.com]

Don't risk Your Mortgage
Taking out a an additional Mortgage, buying a car or making large
credit card charges before you close could risk your loan commitment.
Lenders run a second credit check before closing to check for new
charges.
Time to Close
Closing at the start of a month, the lender would need you to "prepay"
the interest on your loan from day of closing to end of the month.
Therefore, the cash you need to close would be more than if you close
at the ending of the month. Talk with your lender about this.
Buyers Remorse
It's general for buyers to feel stressed or remorseful during and
after the purchase of a home, educating you about the buying process
would assist reduce "buyer's remorse". You would probably forget it
soon after you move into your new home.
Notify Services & Utilities
Don't forget to get in touch with services such as: post office,
insurance, movers, telephone, utilities, newspaper, etc., a few weeks
preceding to you moving out to "change over" billing/mailing
addresses. See any "local directory" of phone numbers of such
services....

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